Seismic player Polarcus and Russian shipping company Sovcomflot have once again agreed new terms for the vessel Vyacheslav Tikhonov. Specifically, Sovcomflot has exercised options to extend the firm period of the charter for 3 years. The new charter begins immediately after the project the vessel is
Norwegian seismic player PGS said it has begun a new project in the Barents Sea that uses the most advanced configuration ever towed by a seismic streamer vessel. Last weekend, PGS seismic vessel Ramform Tethys reconfigured from a wide-tow triple source set-up to an even wider penta source solution
Oslo-listed GC Rieber Shipping and OSM Maritime Group (OSM) have entered into an agreement for fleet management services. Specifically, the deal includes business transfer from GC Rieber to OSM of all technical, crewing and support functions in Bergen. OSM will also establish a new wholly-owned ship
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
Axxis Geo Solutions (AGS) has entered into a data licensing agreement with an undisclosed international oil company. The late sale is related to the company’s OBN seismic data library over Utsira in Norway. The Utsira OBN seismic data library is now in its final stage of data processing. Processing
Shearwater GeoServices has announced a new 3D seismic acquisition award for ION Geophysical’s UK Mid North Sea High (“MNSH”) program. The MNSH is one of the last remaining underexplored regions on the UK Continental Shelf and a recent well confirmed one of the first new plays in recent years. The ve
Turkey is carrying on with its exploration attempts in a disputed area of the East Mediterranean until mid-September which tensed up the relationship between Ankara and Athens even further.
ASX-listed high-performance computing experts DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology. Under the deal, Equinor will replace existing third-party technology with an integrated solution using DUG McCloud, a plat
Shearwater GeoServices has received an award by CGG for a 3D survey in Norway. The Northern Viking Graben (NVG) multi-client survey, which has already started, will take approximately one month to complete. The survey is being conducted by the SW Amundsen. “We are pleased to see this award which wil
TGS has started a pioneering sparse ocean bottom node (OBN) survey in the Atlantic Margin off the coast of mid Norway. This initial study phase is being conducted primarily to provide proof of concept ahead of anticipated further survey proposals to further highlight hydrocarbon potential in the reg
Germany’s Federal Maritime and Hydrographic Agency (BSH) plans to open a tender for the collection and processing of hydroacoustic and seismic data for the N-9 and N-10 wind areas in the North Sea. Through the tender, expected to be launched in October, BSH will seek services related to geophysical
PGS has rejected an offer from TGS-NOPEC Geophysical Company whereby TGS proposed to acquire multi-client data library of PGS. PGS board of directors is of the view that the value of the company’s multi-client data library is significantly greater to PGS than that represented by the TGS proposal, an
Shell has delivered the processed 3D seismic data over the Pensacola Zechstein Reef prospect located in the UK sector of the Southern North Sea.
The low oil price has led energy companies to scale back near-term investment plans significantly, and 2020 will be very challenging for the marine seismic industry. Adding COVID-19 pandemic and energy transition from fossil fuels to this scenario has made the situation even worse, forcing seismic p
